R/€ = 19.42 Change: 0.06
R/$ = 17.44 Change: 0.10
Au 1742.54 $/oz Change: 21.45
Pt 845.40 $/oz Change: 13.46


Sadpo suggests diamond stocks be held back until market improves

By: Marleny Arnoldi     29th May 2020 In its latest newsletter, the South African Diamond Producers Organisation (Sadpo) has advised that diamond producers hold back on production and sales, as the rough diamond market remains under immense pressure. Sadpo says the rough diamond market, particularly for larger diamonds, has... 

Zimbabwe gold miners to keep more export earnings in dollars

By: Reuters     27th May 2020 Zimbabwe will increase the proportion of dollars gold miners can keep from their sales, the central bank's bullion-buying arm said on Wednesday, yielding to pressure from producers who were pushing to retain more. Gold is Zimbabwe's single largest foreign currency earner, and Fidelity Printers... 

New Century takes aim at Vale Goro nickel/cobalt mine

By: Esmarie Iannucci     26th May 2020 Base metals miner New Century Resources has struck an exclusivity agreement with major Vale to negotiate the purchase of a 95% interest in the issued shares of Vale Nouvelle-Caledonie (VNC), which owns the Goro nickel and cobalt mine, in New Caledonia. Vale said on Tuesday that the negotiations... 

Long-duration clean energy storage ideal for mining microgrids

By: Creamer Media Reporter      23rd May 2020 Reliable, cost-effective energy supply 24x7 is an essential resource for successful mining operations, whether grid-connected or off-grid.  In Africa, reliability of utility-sourced electricity is becoming more and more of a challenge, while off-grid diesel generation and the cost and logistics... 

Core Lithium nears official signing of second offtake agreement

By: Marleny Arnoldi     22nd May 2020 ASX-listed Core Lithium has signed a nonbinding agreement to supply its first European offtake partner, Transamine Trading. The term sheet of the agreement paves the way for a binding agreement later this year, which will see Core supplying 50 000 t/y of lithium concentrate for five years to... 

Regulatory Framework in the Indian Mining Industry: Evolution & Need for an Enduring Outlook

By: Creamer Media Reporter      18th May 2020 By: Munawwar Naseem, Partner-Dua Associates, Delhi Febin Mathew Varghese, Principal Associate- Dua Associates, Delhi 1. Regulatory regime along with geo-politics play a significant role in the mining sector. Political upheavals and consequent regulatory changes are major factors influencing... 

Brazil's Vale sees a 'very vigorous' economic recovery in China

By: Reuters     11th May 2020 Brazil's Vale is seeing a "very vigorous" economic rebound in China, the iron-ore miner's principal export market, CFO Luciano Siani said during an online event hosted by newspaper Valor Economico on Friday. "Industrial activities [in China] are practically at their normal levels.... Civil... 

Australia's Port Hedland iron-ore shipments to China up 10.6% in April

By: Reuters     8th May 2020 Australia's shipments of iron-ore to China from the world's top export hub of Port Hedland jumped to 38.7-million tonnes in April, data from the port authority showed on Friday. Shipments were up by 10.6% from a year earlier, although they shrank by 4.2% from March's figure of 40.43-million... 

BP mulls green hydrogen in Australia

By: Esmarie Iannucci     8th May 2020 Energy major BP Australia has been awarded A$1.71-million in funding from the Australian Renewable Energy Agency (ARENA) to assess the feasibility of building a renewable hydrogen and ammonia production facility in Geraldton, Western Australia. BP is undertaking a A$4.42-million feasibility... 

Iron-ore mine to restart in NT

By: Esmarie Iannucci     4th May 2020 The Northern Territory government has granted privately held British Marine approval to restart mining at the Nathan River iron project. British Marine took over the former Western Desert Resources Roper Bar iron-ore mine 2017 after that company went into liquidation, and in February 2018 was... 

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